Joint ordering of two products with lost sales permitted

Joint ordering of two products with lost sales permitted

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Article ID: iaor1991417
Country: Netherlands
Volume: 16
Issue: 3
Start Page Number: 209
End Page Number: 212
Publication Date: Jun 1989
Journal: Engineering Costs and Production Economics
Authors:
Keywords: joint replenishment
Abstract:

This paper deals with the problem of determining economic ordering policy for products jointly ordered from a single supplier. Constant rates of demand for each product are assumed. Shortages are permitted but they cannot be back-ordered. A procedure is developed for determining the economic ordering policy.

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